Old Dominion Operating Margin vs. Net Income
| ODF Stock | EUR 214.10 1.90 0.90% |
For Old Dominion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Old Dominion to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Old Dominion Freight utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Old Dominion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Old Dominion Freight over time as well as its relative position and ranking within its peers.
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Old Dominion Freight Net Income vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Old Dominion's current stock value. Our valuation model uses many indicators to compare Old Dominion value to that of its competitors to determine the firm's financial worth. Old Dominion Freight is regarded second in operating margin category among its peers. It is regarded third in net income category among its peers making up about 4,684,214,286 of Net Income per Operating Margin. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Old Dominion's earnings, one of the primary drivers of an investment's value.Old Net Income vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Old Dominion |
| = | 0.29 % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Old Dominion |
| = | 1.38 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Old Net Income Comparison
Old Dominion is regarded second in net income category among its peers.
Old Dominion Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Old Dominion, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Old Dominion will eventually generate negative long term returns. The profitability progress is the general direction of Old Dominion's change in net profit over the period of time. It can combine multiple indicators of Old Dominion, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina. OLD DOMIN operates under Trucking classification in Germany and is traded on Frankfurt Stock Exchange. It employs 20890 people.
Old Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Old Dominion. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Old Dominion position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Old Dominion's important profitability drivers and their relationship over time.
Use Old Dominion in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Old Dominion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Old Dominion will appreciate offsetting losses from the drop in the long position's value.Old Dominion Pair Trading
Old Dominion Freight Pair Trading Analysis
The ability to find closely correlated positions to Old Dominion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Old Dominion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Old Dominion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Old Dominion Freight to buy it.
The correlation of Old Dominion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Old Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Old Dominion Freight moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Old Dominion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Old Dominion position
In addition to having Old Dominion in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Railroads Thematic Idea Now
Railroads
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Railroads Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Old Stock
When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:Check out Your Equity Center. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
To fully project Old Dominion's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Old Dominion Freight at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Old Dominion's income statement, its balance sheet, and the statement of cash flows.